The S&P 500 index SPX has managed to hold on to most of the gains it has achieved since its early April lows. SPX has risen into a resistance area between 5,700 and 5,800, which includes the declining 200-day moving average.
SPX Technologies (SPXC) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
SPX Technologies, Inc. (NYSE:SPXC ) Q1 2025 Earnings Conference Call May 1, 2025 4:45 PM ET Company Participants Paul Clegg - VP, IR & Communications Eugene Lowe - President, CEO & Director Mark Carano - VP, CFO & Treasurer Conference Call Participants Brad Hewitt - Wolfe Research Bryan Blair - Oppenheimer Ross Sparenblek - William Blair Steve Ferazani - Sidoti Operator Good day, and thank you for standing by. Welcome to the First Quarter 2025 SPX Technologies Earnings Conference Call.
The headline numbers for SPX Technologies (SPXC) give insight into how the company performed in the quarter ended March 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
SPX Technologies (SPXC) came out with quarterly earnings of $1.38 per share, beating the Zacks Consensus Estimate of $1.16 per share. This compares to earnings of $1.25 per share a year ago.
The SPX opened at the lows of Thursday's trading session. Kevin Green says the index is currently in "no man's land" as investors maneuver in the gap made by last Friday to Monday's market jump.
More than 80% of SPX stocks opened higher, according to Kevin Green. Investors may be taking a sigh of relief over reports suggesting tariffs won't be used to the extent initially predicated.
Bulls clinched a comeback from overnight selling in a key Friday rally as big tech led gains and the dollar and bonds continued to stabilize, says Oliver Renick, who points to charts of S&P 500 (SPX) and Tesla (TSLA) for continued optimism. ======== Schwab Network ======== Empowering every investor and trader, every market day.
A major flush to start the trading day led to consolidation throughout the session. However, Kevin Green says the SPX managed to hit higher lows.
Breaking news on international trade hits Morning Trade Live as Kevin Green notes the potential for a breakdown in the SPX. There are positive indicators on the chart, including a bullish cross on MACD.
Kevin Green says the SPX "just being able to hold" will serve as a victory for bulls heading into the weekend. One trend he will watch is a VIX down, SPX down scenario that happened at market close Thursday.
Investors with an interest in Technology Services stocks have likely encountered both SPX Technologies (SPXC) and Palantir Technologies Inc. (PLTR). But which of these two stocks presents investors with the better value opportunity right now?